MoneyLion Plus, launched in December of 2017, has already helped its users save a cumulative $1m, with users engaging with the application more than 20x per month to keep updated on their investments, learn more about their credit and savings, and access personalized AI driven advice.
“America’s savings and debt crises are so closely intertwined that it’s impossible to solve one without the other,” said MoneyLion’s CEO and co-founder, Diwakar Choubey. “The positive outcomes and behaviors we’ve seen since the launch of MoneyLion Plus show how better saving, investing and credit products can work seamlessly together to close the savings gap and make wealth-building a reality even for those starting out. “Simply having access to a savings account doesn’t solve the challenges facing American consumers. What does make a difference is access to better financial products and personalized advice that work together to help consumers build lasting habits that lead to greater financial resilience and well-being,” added Choubey. “This philosophy is core to MoneyLion, and we look forward to continue to build offerings that make finance more engaging and accessible for hard-working consumers.”